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Oct 28, 2013
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the child tax credit is another refundable tax credit, the second-biggest refundable tax credit. as big as theut earned income tax credit. the treasury and that the general office has reported on that as well, problems with that. it is also -- it has also been expanded. most recently in 2000 nine. so, it has many of the same problems. andit has overlapping income over low income range and also in middle and upper income. if you can get it up to about $100,000 in income. and then there are other educational-related refundable tax credits. and income him over range. they are all structured similarly. they have this phase in range and then a plateau and then it phases out. you get more and more subsidy as you work more and more, and then a constant level of subsidy over a certain income range and then the subsidy phaseout. and the phaseout ranges where you get the disincentive to work additional hours. so, there is really no effect on the economy. it is a wash. over the the fact that higher income range, those tend -- more productive workers. they earn more by definition. so on bala
the child tax credit is another refundable tax credit, the second-biggest refundable tax credit. as big as theut earned income tax credit. the treasury and that the general office has reported on that as well, problems with that. it is also -- it has also been expanded. most recently in 2000 nine. so, it has many of the same problems. andit has overlapping income over low income range and also in middle and upper income. if you can get it up to about $100,000 in income. and then there are other...
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Oct 30, 2013
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let's do what we did with tax reform. break down to individual groups and solve this problem together so we are taking the best of the public sector, the best of the private sector, and all that innovation technology can bring to bear on changing the paradigm for the american citizen. so it's their health and well being that becomes the focus, not the ideology of either party. but the health and well-being of the american citizen. that's what this should be about. we can do it. by taking both sides of what both parties and both ideas can bring to this discussion, the best of the private sector, the best of the public sector and everything that science and technology and innovation can provide. there's more than $800 billion annually in wasted inefficiency. this is the most inefficient economic system in the world. can't we come together to solve that? use this committee to lead the way and set the example for regular order can provide by challenging everybody to sit down as we have in tax reform and come up with a solutio
let's do what we did with tax reform. break down to individual groups and solve this problem together so we are taking the best of the public sector, the best of the private sector, and all that innovation technology can bring to bear on changing the paradigm for the american citizen. so it's their health and well being that becomes the focus, not the ideology of either party. but the health and well-being of the american citizen. that's what this should be about. we can do it. by taking both...
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Oct 30, 2013
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do i tell them, that is a tax? that's a tax you've got to pay so that more folks have access. is that fair? is that what it is really? >> what i would say to those folks, it's going to depend on their individual situation. if they are in a group market where they already had a group employer-sponsored insurance, that is a different situation. if they are in the individual market, they now have access to health care. they now have a competitive market. >> the time has expired. mr. shock -- schock? >> let's talk about a website that does work. now, ifhouse.gov right you go to whitehouse.gov, health insurance reform a reality check, the headline. you can keep your health insurance if you like it. it is currently on their website. linda douglass of the white house office of health reform debunks the myth that reform will force you out of your current insurance plan if you like it, force you to change doctors. to the contrary, reform will expand your choices, not eliminate them. whitehouse.gov then cites three sources to substantiate their claim. one of them is a blog post by linda
do i tell them, that is a tax? that's a tax you've got to pay so that more folks have access. is that fair? is that what it is really? >> what i would say to those folks, it's going to depend on their individual situation. if they are in a group market where they already had a group employer-sponsored insurance, that is a different situation. if they are in the individual market, they now have access to health care. they now have a competitive market. >> the time has expired. mr....
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Oct 29, 2013
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this includes comprehensive tax reform to make our tax code less burdensome and changes to our entitlement programs to ensure that they are working as they should for future generations. american families know that they cannot spend limitlessly and never pay their bills. our federal government should not be any different and it's time to break our bad spending habits. mr. speaker, i yield back. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentlelady from california seek recognition? >> mr. speaker, i ask unanimous consent to address the house for one minute. the speaker pro tempore: without objection, the gentlelady from california is recognized for one minute. ms. hahn: thank you, mr. speaker. the affordable care act is more than a website, it's affordable quality health insurance made available to everyone. and what my friend on the other side of the aisle like to keep talking about bad stories, there's some good stories about the affordable care act and i have one of them. it's sara and joe, parents of two small children from los angeles who have
this includes comprehensive tax reform to make our tax code less burdensome and changes to our entitlement programs to ensure that they are working as they should for future generations. american families know that they cannot spend limitlessly and never pay their bills. our federal government should not be any different and it's time to break our bad spending habits. mr. speaker, i yield back. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentlelady from...
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Oct 30, 2013
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even if the taxing power enables congress to impose a tax on not obtaining health insurance, any tax must still comply with other requirements in the constitution, unquote. in short, mr. speaker, obamacare was upheld as a tax. the supreme court did not and has not yet considered a challenge to the affordable care act's taxing provisions on the grounds that it violated the origination clause in the united states constitution. and, mr. speaker, it most certainly did exactly that. mr. speaker, the origination clause is found in article 1, section 7 of the constitution. and it states, quote, all bills for raising revenue shall originate in the house of representatives, unquote. in creating obamacare, senator harry reid took an entirely unrelated bill, h.r. 3590, containing just 714 words, and -- that did not raise taxes, and then he stripped it of everything but its bill number. he then put the 400,000-word obamacare that raised taxes in 17 different places into this empty shell bill. through this bit of legislative trickery, mr. speaker, mr. reid claims that obamacare originated in the
even if the taxing power enables congress to impose a tax on not obtaining health insurance, any tax must still comply with other requirements in the constitution, unquote. in short, mr. speaker, obamacare was upheld as a tax. the supreme court did not and has not yet considered a challenge to the affordable care act's taxing provisions on the grounds that it violated the origination clause in the united states constitution. and, mr. speaker, it most certainly did exactly that. mr. speaker, the...
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Nov 4, 2013
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they returned it in the form of a tax cut. that was a 10 year tax cut. what we did not anticipate, of course, was what happened on september 11, 2001. we went from surpluses to deficits almost overnight. the tax cuts remained in effect. you are right that there should have been some revisiting of the tax cuts that went into effect. those tax cuts also allowed us to avoid of major recession. host: you bring up deficits. how much motivation is there right now to get a grant deal done? weather in this effort or a future effort -- with the u.s. just having posted its lowest deficit. guest: you're right. we just ended fiscal year 2013. of $680a deficit billion. i believe that is what the figure was. that was a significant 30% reduction from the previous two- year. -- from the previous year. this is taking some pressure off. eggs are improving. i would point out that part of the reason the deficit came down so significantly is that revenues went up 13%. spending went down two percent. the combination resulted in the deficit coming down. the difficulty is that,
they returned it in the form of a tax cut. that was a 10 year tax cut. what we did not anticipate, of course, was what happened on september 11, 2001. we went from surpluses to deficits almost overnight. the tax cuts remained in effect. you are right that there should have been some revisiting of the tax cuts that went into effect. those tax cuts also allowed us to avoid of major recession. host: you bring up deficits. how much motivation is there right now to get a grant deal done? weather in...
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trading speculation tax. you could limit the bush-era tax cuts to that portion of your income. cancel those tax cuts on that portion of your income over $250,000. only a privileged few make that, so that $200 billion could be achieved without being disadvantageous to very many individuals. almost another $13 billion could be raised by returning the estate tax exemption to what it was in 2009. could raise $$00 billion if you reduce it to what the rate was when president clinton left office. these are just some of the ideas and we have listed them specifically, showing over $4 trillion of possibilities to make our budget add up. now that's a lot of money, but it is in stark contrast to the budget that we passed in this house because that budget calls for closing a gap of $4 trillion. i don't know how in the world they are going to propose a $4 trillion deficit because they would have to raise $4 trillion in taxes or if they aren't raising any taxes, spending cuts in the area in discretionary of ding in the area one-third across the board. we have trouble of dealing with the seque
trading speculation tax. you could limit the bush-era tax cuts to that portion of your income. cancel those tax cuts on that portion of your income over $250,000. only a privileged few make that, so that $200 billion could be achieved without being disadvantageous to very many individuals. almost another $13 billion could be raised by returning the estate tax exemption to what it was in 2009. could raise $$00 billion if you reduce it to what the rate was when president clinton left office....
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Oct 29, 2013
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they don't like the fees and taxes on the industry. customers.he new they are lobbying to stop some of the feed but there's a mixed of the companies in health care. >> the los angeles times put out story taking a look at the cases in insurance and some cases in headlines. they're going get pricier as the out.rolls how -- if people are taking in the health insurance companies are health hem in, insurance companies changing how the policies for members because affordable care act. >> let's talk about something hat's happening to hundreds of thousands of people in small groups and individual markets. they currently have policies hat might no offer the same comprehensiveness of coverage that the affordable care act has. essential health care.its, majority they're getting notices from the insurers that they will not meet the standard starting january 1. this is the story too. my colleagues broke. it's gotten a lot of attention the press this week. what's happening is insurers are reaching out to those policy coveragend saying this is no lon
they don't like the fees and taxes on the industry. customers.he new they are lobbying to stop some of the feed but there's a mixed of the companies in health care. >> the los angeles times put out story taking a look at the cases in insurance and some cases in headlines. they're going get pricier as the out.rolls how -- if people are taking in the health insurance companies are health hem in, insurance companies changing how the policies for members because affordable care act. >>...
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Oct 30, 2013
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work opportunity act that aim to get more veterans and unemployed americans back to work by offering tax credits to businesses who will here them. ms. kelly: next week i'll be meeting with small business owners and manufacturers as part of my second congressional district economic development tour. here we'll discuss what congress can do to support our communities and grow american jobs. the family businesses i represent in kankakee and the manufacturers i represent in chicago both say the same thing. business as usual in washington doesn't help business back home. i couldn't agree more. i urge my colleagues to co-sponsor h.r. 3327 and h.r. 3328 and work civilly to get our economy back on track. thank you. the speaker pro tempore: the gentlelady's time has expired. for what purpose does the gentleman from oklahoma seek recognition? >> i ask unanimous consent to speak for one minute and revise and extend my remarks. the speaker pro tempore: the gentleman is recognized. mr. lankford: mr. speaker, the obamacare website has been a nuisance. people spend hours of wasted time trying to get on
work opportunity act that aim to get more veterans and unemployed americans back to work by offering tax credits to businesses who will here them. ms. kelly: next week i'll be meeting with small business owners and manufacturers as part of my second congressional district economic development tour. here we'll discuss what congress can do to support our communities and grow american jobs. the family businesses i represent in kankakee and the manufacturers i represent in chicago both say the same...
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republicans don't want to raise taxes. todaythere are stories that the white house is open to not raising revenues and any deal they come up with and they are eyeing cuts to farm subsidies. ground.ld be "common " guest: that is correct. there's also the opening session of the long-awaited arm bill -- farm bill. this is the sort of thing that conference two committees can mesh their answers on and come up with answers for both. viewersve the background on this legislation. why has it not passed? guest: this year was the first -it is ait was due - five-year authorization bill. it was due to years ago. a bill passed the senate last year. not put his did bill on the floor last year. he put a bill on the floor this to defeatt went down and only when he separated it empathy -- and removed the food stamp portion didn't pass. what we have now going into conference is one bill that cuts $4 billion in food stamps and $39her one that cuts billion in food stamps funding. we have a huge gap of their. -- a huge gap there. house with nat
republicans don't want to raise taxes. todaythere are stories that the white house is open to not raising revenues and any deal they come up with and they are eyeing cuts to farm subsidies. ground.ld be "common " guest: that is correct. there's also the opening session of the long-awaited arm bill -- farm bill. this is the sort of thing that conference two committees can mesh their answers on and come up with answers for both. viewersve the background on this legislation. why has it...
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by t, it cuts taxes owering the top tax rate for high-income americans from 39.6% to 25%. his is not a reagan budget supply-side economics. this isn't george herbert walker bush or george w. bush in 2001 or 2003, this is the current budget that we are going to have to negotiate and find common ground, cuts the tax rate from 39.6% to 25% in order to slash all of the social-safety net programs that we reviewed earlier. wrong-headed policy? well, as i close, and as this chart illustrates, when the top tax rate was at 39.6%, notwithstanding the fact that so many people on the other side of the aisle in good faith constantly say that type of tax rate is the type of rate that hurts the economy, but under the eight years of the clinton administration, 39.6% top tax rate, 20-plus million jobs created. eight years later, when the top tax rate was cut by this to 35%, we 39.6% jobs, that's an apples-to-apples comparison that discredits the notion that lowering the tax rate somehow stimulates growth in the economy when the eight years of the clinton administration as compared to the e
by t, it cuts taxes owering the top tax rate for high-income americans from 39.6% to 25%. his is not a reagan budget supply-side economics. this isn't george herbert walker bush or george w. bush in 2001 or 2003, this is the current budget that we are going to have to negotiate and find common ground, cuts the tax rate from 39.6% to 25% in order to slash all of the social-safety net programs that we reviewed earlier. wrong-headed policy? well, as i close, and as this chart illustrates, when the...
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Nov 4, 2013
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they returned it in the form of a tax cut. that was a 10-year tax cut. what we did not anticipate, of course, was what happened on september 11, 2001. we went from surpluses to deficits almost overnight. he tax cuts remained in effect. i think you're right, there should have been some revisiting of those tax cuts that were in effect, but the tax cuts allowed us to avoid a major recession back in 2001. host: you bring up deficits. how much motivation is there right now to get a grand deal done whether it's in this effort or future effort with u.s. just having posted its lowest deficits in 2008, is it? guest: we ended up the fiscal year that just ended, fiscal $6802013 with a deficit of billion. li
they returned it in the form of a tax cut. that was a 10-year tax cut. what we did not anticipate, of course, was what happened on september 11, 2001. we went from surpluses to deficits almost overnight. he tax cuts remained in effect. i think you're right, there should have been some revisiting of those tax cuts that were in effect, but the tax cuts allowed us to avoid a major recession back in 2001. host: you bring up deficits. how much motivation is there right now to get a grand deal done...
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but how does the oil industry keep these seemingly unjustifiable tax breaks alive? the numbers from that story, from the charts. the annual estimated tax breaks for the big five oil companies -- chevron, seven hundred million dollars. exxon mobil $600 million. conoco phillips $600 million. bp 300 million dollars. shell, 200 million dollars. plenty of other charts throughout your story there. we want to bring in vanessa from washington, d.c., calling on our line for republicans. vanessa, we are talking with andy kroll from ""mother jones." think for joining us. vanessa, are you there? lost vanessa. we will go to mark from ocala, florida. good morning. caller: good morning, guys. i like the host and andy, i love your level of enthusiasm for digging out the truth. for bobby kennedy after john was shot. i grew up in a household that listen to martin luther king's speeches live. at age 18 i voted for president carter as a young marine. i could not wait to get on active duty. i was stationed at okinawa. i do have a question for andy. i just wanted to give some background.
but how does the oil industry keep these seemingly unjustifiable tax breaks alive? the numbers from that story, from the charts. the annual estimated tax breaks for the big five oil companies -- chevron, seven hundred million dollars. exxon mobil $600 million. conoco phillips $600 million. bp 300 million dollars. shell, 200 million dollars. plenty of other charts throughout your story there. we want to bring in vanessa from washington, d.c., calling on our line for republicans. vanessa, we are...
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new tax credits. more choice. more competition. real health care security, not just for the uninsured or underinsured but for all of us because we pay more in premium and taxes when americans without good insurance visit the emergency room. [applause] >> and since we all benefit, there are parts of this law that also require everybody to contribute. require everybody to take some measure of responsibility. so to help pay for the law, the wealthiest americans, families who make more than $250,000 a year have got to pay a little bit more. the most expensive employer health insurance, don't qualify for tax credits, some people aren't happy but it's the right thing to do. in massachusetts, most people who can afford health insurance have to take responsibility to buy health insurance or pay a penalty. employers with more than 50 employees have to provide health insurance to their workers or pay a penalty because they shouldn't dump off that cost to others. everyone has responsibilities. now, it is also true that some americans who have
new tax credits. more choice. more competition. real health care security, not just for the uninsured or underinsured but for all of us because we pay more in premium and taxes when americans without good insurance visit the emergency room. [applause] >> and since we all benefit, there are parts of this law that also require everybody to contribute. require everybody to take some measure of responsibility. so to help pay for the law, the wealthiest americans, families who make more than...
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Nov 1, 2013
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one example is corporate tax reform. we are reducing it even further for manufacturing and how that helps for additional investment. what you sense of think is special about the united states. , andank you, valerie everyone who are attending this incredible summit. team usa in the conversation we are having here. one thing that valerie did not mention in her introduction of me is that as an australian, global citizen that has been with a, any for cache that has been with a company for many that hasfor a companry a companyor -- with for many years -- smokestacks.s, that is yesterday's manufacturing. the notion that labor costs will drive manufacturing has become what everyone has believed. you didn't mention this, but i wrote a book "making it in america." looking at what other nationstates do is that they recognize and credible of the manufacturing value chain that the administration has in based -- embraced fully. will touch ongene it. where production goes, innovation follows. the ecosystem that we celebrate in this gr
one example is corporate tax reform. we are reducing it even further for manufacturing and how that helps for additional investment. what you sense of think is special about the united states. , andank you, valerie everyone who are attending this incredible summit. team usa in the conversation we are having here. one thing that valerie did not mention in her introduction of me is that as an australian, global citizen that has been with a, any for cache that has been with a company for many that...
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Nov 3, 2013
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the 1986 tax like reform package. he thought it was a tax increase. i kind of agree with him and made it known that i wasn't going to support it. i wound up in the oval office with president reagan's same, if i can't count on the web, who can i count on? i was thinking, jack kemp got me in it. [laughter] what kemp brought was not only important for republicans. more importantly, he persuaded ronald reagan. that's what makes him such an historic figure in my view. side result of supply- economics, we restored our economy. we had a booming economy. gorbachev felt he couldn't compete with us economically. that was obviously what temp brought. he thought he couldn't compete with us militarily because they were in such dire straits economically. csbelieve it was reaganomi that was key to that victory. jack kemp was instrumental in both our economic recovery and also winning the cold war. >> you talk about jack kemp, and one word comes to mind -- the cause. wherever he is, he will fight for that cause. he will work for that cause. >> it was easy to believe
the 1986 tax like reform package. he thought it was a tax increase. i kind of agree with him and made it known that i wasn't going to support it. i wound up in the oval office with president reagan's same, if i can't count on the web, who can i count on? i was thinking, jack kemp got me in it. [laughter] what kemp brought was not only important for republicans. more importantly, he persuaded ronald reagan. that's what makes him such an historic figure in my view. side result of supply-...
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Nov 3, 2013
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conservatives need to advance economic freedom through the tax code and lower tax rates. the of the loss productivity admits allocated from the most convoluted tax code in the world. to advance economic freedom through a monetary policy that does not punish savers. current policy rewards portfolio americans at the expense of paycheck america while enabling the greatest deficits in american history. conservative need to advance freedom by repelling obamacare and replacing it with a system that is consumer directed and significantly less costly. conservatives need to advance economic freedom by tearing down the barriers created by mindnumbing rules and atulations and licenses every level of government that stifles job creation and innovation and does not reward the spirit and determination necessary to be successful in life. if jack cap was here with us today, i am confident he would be advancing the american renewal by embracing freedom in every way. i want to end with a couple of notes about my mentor and hero. jack was a compassionate man. it is interesting we find ourse
conservatives need to advance economic freedom through the tax code and lower tax rates. the of the loss productivity admits allocated from the most convoluted tax code in the world. to advance economic freedom through a monetary policy that does not punish savers. current policy rewards portfolio americans at the expense of paycheck america while enabling the greatest deficits in american history. conservative need to advance freedom by repelling obamacare and replacing it with a system that...
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Nov 2, 2013
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i personally believe it is trying to rein them in because they have snake tax in the we weave- tags and they cobwebs. guest: that is what i think a lot of people in the united states believe, and that is what commerce is trying to address her now. they have seen as a result of the leak probably some lack of confidence or some worry about what the intelligence community is up to. so the congress has got to address this forthrightly to try to restore the american people confidence in what their intelligence services are up to because ultimately if the people don't support what is being done in their name, we are going to have major problems in our democracy. so the congress has got to be able to try and reconcile the imperative to keep the country safe from not only terrorists and the prospect of nuclear weapons spreading across the globe over time, but also be able to reconcile the very serious privacy and civil liberty issues that have arisen over the summer, and we have to find the right way to reconcile these two objectives. host: tim up next from ohio, independent line 30 good mornin
i personally believe it is trying to rein them in because they have snake tax in the we weave- tags and they cobwebs. guest: that is what i think a lot of people in the united states believe, and that is what commerce is trying to address her now. they have seen as a result of the leak probably some lack of confidence or some worry about what the intelligence community is up to. so the congress has got to address this forthrightly to try to restore the american people confidence in what their...
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we all pay taxes. we are all connected to the irs in some way. from everything that i have heard, the privacy is actually very strong through healthcare.gov. so, it has not been a huge area of concern. another point to respond on, birth control -- that is an area that i think young people particularly were excited about -- the idea that you could get preventive care, including birth control, with no co-pays, it is a huge benefit to young people, and particularly young women. having gone to a school like georgetown that had an issue time, wherer a long it was actually providing it for the faculty, a lot of young people have just said that is fair. in this country it is an important benefit for women's health. the fourth issue she brought up was the deficit and aca may contribute. guest: the cbo scored that it would actually decrease the deficit. this law, if anything, reduces the deficit or is budget neutral. one of the ideas behind the law is we are going to bring health- care cost under control. we ha
we all pay taxes. we are all connected to the irs in some way. from everything that i have heard, the privacy is actually very strong through healthcare.gov. so, it has not been a huge area of concern. another point to respond on, birth control -- that is an area that i think young people particularly were excited about -- the idea that you could get preventive care, including birth control, with no co-pays, it is a huge benefit to young people, and particularly young women. having gone to a...
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i am sorry, sir, i do not want to pay more taxes, i barely make it as it is. in youw is your last day guys are taking a vacation again for another 10 days and i would like to know why, when there are so many things that have to be done in congress? guest: well, there is a schedule. as you know, we were supposed to be off two weeks ago when we had the travesty of trying to get the government act opening and. when people say vacation, i know i will be in my district working every day. most congressmen will be doing the same thing, regardless of which side of the aisle. this is not a vacation. people think that if we are not in washington we do not do anything. people have to speak for themselves, i can assure you that is not my cup of tea. your second question about harry reid, there is a problem in terms of revenue. there is a problem that we have in the deficit area the commitment to his cut the deficit in half, which is very good, we are going in the right direction. when you shut the government down and have a plan for sequester cut by five percent, it hurts
i am sorry, sir, i do not want to pay more taxes, i barely make it as it is. in youw is your last day guys are taking a vacation again for another 10 days and i would like to know why, when there are so many things that have to be done in congress? guest: well, there is a schedule. as you know, we were supposed to be off two weeks ago when we had the travesty of trying to get the government act opening and. when people say vacation, i know i will be in my district working every day. most...
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and we can do this by broadening the tax base and lowering tax rates in a way that doesn't add a dime to the federal deficit. the president put forward the details of his tax reform and pleadmead clear his commitment -- and has made clear his commitment to business tax reform paired with an infrastructure package paid for with one-time revenue. we have a real opportunity ahead to seize the tax reform and establish a simpler, fairer and more competitive tax reform in the yeats. -- years. they share much in common with the approach the president has put forward. there's no reason we can't start with the substantial policy areas we agree on and come together to find common ground. in addition to reforming our tax system, we must finish the work of creating new trade agreements that are free and fair. they must open up markets for america's businesses and must add to the millions of american jobs that are currently supported by trade. as congress comes together in support of trade deals we'll help expand the biggest, -- the biggest mark place in the global economy and rere-inforce the pos
and we can do this by broadening the tax base and lowering tax rates in a way that doesn't add a dime to the federal deficit. the president put forward the details of his tax reform and pleadmead clear his commitment -- and has made clear his commitment to business tax reform paired with an infrastructure package paid for with one-time revenue. we have a real opportunity ahead to seize the tax reform and establish a simpler, fairer and more competitive tax reform in the yeats. -- years. they...
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he have responded in making sure have by tax laws -- we proposing ensuring that our tax foreigngenerous to a pension, as it would be to a domestic pension, so that is one important area. some of it is all of us working together because it is not just the supply of capital. it is making sure at the state and local government level that people can figure out ways to create a steady certain revenue stream that is what these andntial foreign investors others would be interested in. again, i think it is, as phil is saying, not limiting ourselves to a narrow view of infrastructure. to give you a small example, something that would affect a lot of different countries is the president is insuring an initiative that will happen, because it is regulatory, to the fcc, to ensure that every school in our country has enough high- speed broadband that every child who sits at their desk with an individualized learning device -- that is an infrastructure that if you put that in place him a bill is just saying what is a new exciting thing out there? if that is out there, the new exciting thing may an ent
he have responded in making sure have by tax laws -- we proposing ensuring that our tax foreigngenerous to a pension, as it would be to a domestic pension, so that is one important area. some of it is all of us working together because it is not just the supply of capital. it is making sure at the state and local government level that people can figure out ways to create a steady certain revenue stream that is what these andntial foreign investors others would be interested in. again, i think...
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make the united states more conducive to investment and manufacturing, one example being corporate tax reform so we reduce the rate for manufacturing and how that helps spur additional investment. give us the sense of being a global player in the coming from australia, give us a sense of what you think is a special about the united states. >> thank you, valerie, enter the panel here, and congratulations on making the decision to be part of team usa and the conversation we are having here. one thing that valerie did not mention is as an australian, global citizen, that has been with the great dow chemical company for 37 years, 22 of which i spent in asia, around china, when i came back to the united states over a decade ago, i was struck at the conversation going on in america that did not include manufacturing. how red manufacturing in america, and the psychology of consumers and our media and everywhere was assembly-line, smokestack, and it was yesterday's manufacturing. we had done it to ourselves. the notion that label costs would drive the manufacturing there had become what everyb
make the united states more conducive to investment and manufacturing, one example being corporate tax reform so we reduce the rate for manufacturing and how that helps spur additional investment. give us the sense of being a global player in the coming from australia, give us a sense of what you think is a special about the united states. >> thank you, valerie, enter the panel here, and congratulations on making the decision to be part of team usa and the conversation we are having here....
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Oct 31, 2013
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competitive tax in the yeats. they share much in common with the approach the president has put forward. there's no reason we can't start with the substantial policy areas we agree on and come together to find common ground. in addition to reforming our tax system, we must finish the work of creating new trade agreements that are free and fair. they must open up markets for america's businesses and must add to the millions of american jobs that are currently supported by trade. as congress comes together in support of trade deals we'll help expand the biggest, -- the biggest mark place in the global economy and rere-inforce the position to invest and export. to that end, we're working to complete a transpacific partnership. this will boost exports and level the playing field in the asia pacific. i want to point out that the united states welcomes investment from around the world, from every type of intrep prize and doctor -- enterprise and all sectors. we are scommitted to mane taining the most open and transparen
competitive tax in the yeats. they share much in common with the approach the president has put forward. there's no reason we can't start with the substantial policy areas we agree on and come together to find common ground. in addition to reforming our tax system, we must finish the work of creating new trade agreements that are free and fair. they must open up markets for america's businesses and must add to the millions of american jobs that are currently supported by trade. as congress...
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notice that the issue of taxes continues to loom over these budget talks once again as the biggest road block in a path to compromise. on that same subject, today's "wall street journal" notes that any impetus for a bold deficit reduction deal was stifled within hours of the budget meetingors' initial yesterday when the administration announced that the paper.hat is today's we're talking with our viewers and callers about the hearings yesterday. anceleen sebelius' appear before the house energy and commerce committee, and her statement was i am responsible. she said i am responsible for the problems with the rollout of the health-care law. we will go to bob now from philadelphia, pennsylvania on our line for independents. good morning. caller: good morning. i want is a health fair and balanced you guys are. i was watching "charlie rose" on cbs, and they were talking about obamacare and sebelius being questioned. they never mentioned if she would ask if she would enroll in obamacare, but you did this morning and you mentioned that, and i just want to congratulate you for being fair. thep
notice that the issue of taxes continues to loom over these budget talks once again as the biggest road block in a path to compromise. on that same subject, today's "wall street journal" notes that any impetus for a bold deficit reduction deal was stifled within hours of the budget meetingors' initial yesterday when the administration announced that the paper.hat is today's we're talking with our viewers and callers about the hearings yesterday. anceleen sebelius' appear before the...
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Nov 5, 2013
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for medicaid, 48% of people who buy insurance through the individual market will have thatdit -- a tax credit averages over $5,500. the aca is over four years old, we have seen improvements. the opening of the marketplace on october one is the latest step in the implementation of the law, we acknowledge that we have a lot more to do and are ready to do it. thank you, mr. chairman. you, commissioner tavenner. we will start a series of five- minute questions. everyoneld myself and else to five minutes. you might only get one question, that way we can go around once, twice, three times, as long as it takes so people can get questions asked. i hope we will keep within five minutes so everyone gets to ask questions. we'll start now. evaluate the as we problems with the website, it is important to get the facts straight. some have said that fixing the website could take six months to one year, others state that there are 5 million lines of code to rewrite, others urge you to start from scratch. wring some facts to this overheated debate. -- bring some facts to this overheated debate. i under
for medicaid, 48% of people who buy insurance through the individual market will have thatdit -- a tax credit averages over $5,500. the aca is over four years old, we have seen improvements. the opening of the marketplace on october one is the latest step in the implementation of the law, we acknowledge that we have a lot more to do and are ready to do it. thank you, mr. chairman. you, commissioner tavenner. we will start a series of five- minute questions. everyoneld myself and else to five...
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Nov 5, 2013
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he has lowered taxes on several corporations. he has lowered several taxes on corporations which is helpful to business. he focuses on jobs and trying to increase jobs here. the main thing is he does not lie like the president. i like that about him. host: what is your legislature like in pennsylvania? who controls it? caller: republicans. host: as far as lower taxes, what do you like about him? caller: that is the main thing i would say right now. we need the jobs. businesses, paying lower taxes, they can hire more people. he is honest. he is not like the president. host: another opinion of the pennsylvania mayor on facebook -- robin is talking about heaven called him awful. facebook.com is where you can post those. send this e-mail too. when you look at governorships across the country, area of them are in republican hands. 19 are in democratic hands. hands.in independent you can see this map demonstrating. this is the independent line. caller: we have to get some credit -- everybody wants to get a job. know, besides personal r
he has lowered taxes on several corporations. he has lowered several taxes on corporations which is helpful to business. he focuses on jobs and trying to increase jobs here. the main thing is he does not lie like the president. i like that about him. host: what is your legislature like in pennsylvania? who controls it? caller: republicans. host: as far as lower taxes, what do you like about him? caller: that is the main thing i would say right now. we need the jobs. businesses, paying lower...
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tax, tea party, debt obamacare. if the party can, instead of saying, that's not fair, you called me a mean name, i like girls. instead, hit it back at them. call an extremist an extremist and move on to issues that women tell pollsters they care about which are the same issues m care about. >> thanks for coming out to the panel today thanks to our online audience at nationalreview.com and on c-span. appreciate the crowd here. it means a lot we are deeply appreciative to our panelist for a lively discussion. i think 2014 looks fluid. we don't know how it is going to unfold, but we've had some great folks here today. thanks so much. [applause] >> it is election day across the in a number of states. we will be focusing on new jersey and virginia tonight when our election coverage gets underway at 9:00 p.m. eastern here on c-span. in virginia about a half an hour from now. today, marilyn tavener medicaredicaid and theices testified before senate committee. here is a little of the back- and-forth. toone of two things is
tax, tea party, debt obamacare. if the party can, instead of saying, that's not fair, you called me a mean name, i like girls. instead, hit it back at them. call an extremist an extremist and move on to issues that women tell pollsters they care about which are the same issues m care about. >> thanks for coming out to the panel today thanks to our online audience at nationalreview.com and on c-span. appreciate the crowd here. it means a lot we are deeply appreciative to our panelist for a...
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Oct 30, 2013
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even if the taxing power enables congress to impose a tax on not obtaining health insurance, any tax must still comply with the other requirements in the constitution. mr. speaker, in short, obamacare was upheld as a tax. the supreme court did not and has not yet considered a challenge to the affordable care act's taxing provisions on the grounds that it violated the origination clause in the united states constitution. mr. speaker, it most certainly did exactly that. the origination clause is found in article 1, section 7, of the constitution and states, quote, all bills for raising revenue shall originate in the house of representatives. unquote. in creating obamacare, senator harry reid took an entirely unrelated bill, h.r. 39 -- i'm sorry, h.r. 35950, containing just 714 words, that did not raise taxes and stripped it of everything but its bill number. he then put the 400,000-word obamacare that raised taxes in 17 different places into its empty shell. through this bit of legislative trickery, mr. reid claims that obamacare originated in the house. when in fact every last provisi
even if the taxing power enables congress to impose a tax on not obtaining health insurance, any tax must still comply with the other requirements in the constitution. mr. speaker, in short, obamacare was upheld as a tax. the supreme court did not and has not yet considered a challenge to the affordable care act's taxing provisions on the grounds that it violated the origination clause in the united states constitution. mr. speaker, it most certainly did exactly that. the origination clause is...
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because of the tax credits we are offering and because of the -- tition -- pipeline because of the tax credits we are offering and the competition between insurers, most people are going to be able to get better comprehensive health care plan for the same price or even cheaper than projected. you are going to get a better deal. now there is a fact that americans with higher incomes will pay more and protections like the patients' bill of rights and that will actually save them from financial ruin if they get sick, but nobody is losing their right to health care coverage. and no insurance company will be able to deny you coverage or drop you as a customer. those days are over. and that's the truth. and that is the truth. cheers and applause] >> for people without health insurance, they are finally going to be able to get it. for the vast majority of people who have health insurance that works, you can keep it. for the fewer than 5% of americans who buy insurance on your own, you will be getting a better deal. so anyone peddling the notion that insurers are cancelling peoples' plans with
because of the tax credits we are offering and because of the -- tition -- pipeline because of the tax credits we are offering and the competition between insurers, most people are going to be able to get better comprehensive health care plan for the same price or even cheaper than projected. you are going to get a better deal. now there is a fact that americans with higher incomes will pay more and protections like the patients' bill of rights and that will actually save them from financial...
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we didn't call it a tax but that's a tax you got to pay so that more folks have access? is that fair? is that what it is really? >> what i would say to those folks, it's going to depend on their individual, you know, situation because if they are in a group market where they already had group employers sponsored insurance, that's a different situation. if they are in an individual market, what you can say to them now, they'll have access to health care and now have a competitive market. >> if you're paying -- >> time is expired. >> i appreciate you, thank you. >> thank you, all. this discussion about websites that don't work. let's talk about a website that does. on whitehouse.gov right now, if you go to whitehouse.gov, health insurance reality check, headline, you can keep your health insurance if you like it, currently on their website. linda douglas of the white house office of health reform debunks the myth that reform will force you out of your current insurance plan, if you like it, force you to change doctors, period. to the contrary, reform will expand your choic
we didn't call it a tax but that's a tax you got to pay so that more folks have access? is that fair? is that what it is really? >> what i would say to those folks, it's going to depend on their individual, you know, situation because if they are in a group market where they already had group employers sponsored insurance, that's a different situation. if they are in an individual market, what you can say to them now, they'll have access to health care and now have a competitive market....
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Oct 31, 2013
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on the other hand, there are now tax credits available for some of the smaller employers who want to offer coverage to actually come into the marketplace. for the other businesses, the businesses hiring 50 or more, there is a standard that says an employee is considered full time if he or she works 30 hours a week. and that really came from a market snapshot with help from the small business administration of where employee benefits were in the private market based on hours of work. what was a part time or a full time employee? what we know about the economic data is the high point of part time workers was in 2008 and 2009 at the height of the last recession. it has been decreasing each and every year. there is no data to support the fact that there is an uptick based on the impending affordable care act. i'm sure that there may be some individual employers making some business decisions about how many workers they want full time and how many part time. but i can tell you there is no economic data or employment data that supports the notion that this is an effective law. >> in fact,
on the other hand, there are now tax credits available for some of the smaller employers who want to offer coverage to actually come into the marketplace. for the other businesses, the businesses hiring 50 or more, there is a standard that says an employee is considered full time if he or she works 30 hours a week. and that really came from a market snapshot with help from the small business administration of where employee benefits were in the private market based on hours of work. what was a...
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Nov 3, 2013
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we need all that, and that is partly an idea of fiscal of our tax laws. we're working on that. keep our eye on the 21st century because that type -- one of the first mover jumps that the united states got at the end of the 1990's is our small businesses and entrepreneurs were using the internet first and foremost. that generated a lot of inventory improvement, and growth and productivity spur we productivity's bird we had -- productivity spurt we had. one of things i want to say, we are doing selectusa here, but we learn from other countries. we look at what south korea is doing on universal broadband for schools. we listened, when the president did his in sourcing for them, he listened to other countries why they chose another country on things that we could have done better, and it has affected what we have put in in this new reformed. we are trying to improve, but we are listening and learning, and if we do not mention something here, and it is something you think makes a difference in your investment decision, please bother us. >> we welcome that. i am beginning to get the
we need all that, and that is partly an idea of fiscal of our tax laws. we're working on that. keep our eye on the 21st century because that type -- one of the first mover jumps that the united states got at the end of the 1990's is our small businesses and entrepreneurs were using the internet first and foremost. that generated a lot of inventory improvement, and growth and productivity spur we productivity's bird we had -- productivity spurt we had. one of things i want to say, we are doing...
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the lowest tax rate. great infrastructure. we have done all the things we think we can do to help this be a great productive work environment, but there are certain things that are out of control that dramatically impact jobs in tennessee. when i hear manufacturers tell us, we love being in tennessee and we love the work environment, but if we had this agreement in place, we could produce x more jobs. it is frustrating to me because it is something that is out of my control, but it is critical for me to lend that voice, whether it is in washington or anywhere else, to raise ti. we have worked hard to set up a great working environment in tennessee. there are certain things that are beyond our control. >> so i understand everyone on this panel is an enthusiast to disagreements, but we want to be clearheaded about some of the competitive costs. in the construction-mining business, what you see as the competitiveness that would come from -- imports would be less expensive? what are the challenges you will face of some of these de
the lowest tax rate. great infrastructure. we have done all the things we think we can do to help this be a great productive work environment, but there are certain things that are out of control that dramatically impact jobs in tennessee. when i hear manufacturers tell us, we love being in tennessee and we love the work environment, but if we had this agreement in place, we could produce x more jobs. it is frustrating to me because it is something that is out of my control, but it is critical...
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on the other hand, there are now tax credits available for some of the smaller employers who want to offer coverage to actually come into the marketplace. for the other businesses, the businesses hiring 50 or more, there is a standard that says an employee is considered full time if he or she works 30 hours a week. and that really came from a market snapshot with help from the small business administration of where employee benefits were in the private market based on hours of work. what was a part time or a full time employee? what we know about the economic data is the high point of part time workers was in 2008 and 2009 at the height of the last recession. it has been decreasing each and every year. there is no data to support the fact that there is an uptick based on the impending affordable care act. i'm sure that there may be some individual employers making some business decisions about how many workers they want full time and how many part time. but i can tell you there is no economic data or employment data that supports the notion that this is an effective law. >> in fact,
on the other hand, there are now tax credits available for some of the smaller employers who want to offer coverage to actually come into the marketplace. for the other businesses, the businesses hiring 50 or more, there is a standard that says an employee is considered full time if he or she works 30 hours a week. and that really came from a market snapshot with help from the small business administration of where employee benefits were in the private market based on hours of work. what was a...